Presented by: Skogman Realty Co
Property Description
Outstanding investment opportunity at 1065-1067 N Center Point Road, Hiawatha, IA. This 9,045 SF multi-tenant building is 100% occupied by high-quality tenants on NNN leases with annual rent escalations, delivering secure, predictable cash flow with NOI of $112,476 — a 7.5% cap rate at the offering price of $1,495,000. The modern, masonry building has been fully remodeled in recent years and is very well maintained. It offers great access to I-380, ideally positioned near the intersection of North Center Point Road and Boyson Road. This asset combines strong tenancy, prime location, and long-term stability — an excellent addition to any investment portfolio.
Interior Features
Bathrooms
Total Baths0
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
FlooringCarpet
Heating Y/NYes
Total Stories1
General
Building FeaturesKitchen Facilities, Multi-Tenant, Private Restrooms, Pole Sign
CityHiawatha
Construction MaterialsFrame
CoolingCentral Air
CountyLinn
DirectionsI-380 N to Boyson Road East, North on N Center Point Road
Electric220 Volts
HOANo
HeatingCentral, Gas
Lease Considered Y/NNo
Legal DescriptionLONGFELLOW SQUARE 5TH LOT 3
LevelsOne
Lot Size UnitsAcres
MLS AreaHiawatha/Robins
ModificationTimestamp2026-09-30T19:46:53.710-00:00
PossessionClose Of Escrow
PostalCityHiawatha
Property Sub Type AdditionalInvestment
Property SubtypeInvestment
Property TypeCommercial Sale
RoofMembrane
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount$34,154
UtilitiesElectricity Available, Natural Gas Available
Virtual TourClick here
Year Built2005
ZoningCommerci
Zoning DescriptionCommerci
Exterior
Exterior AmenitiesSprinkler/Irrigation
InclusionsBuilding, Land
Lot Dimensions27443
Lot Size Acres0.63
Lot Size Area0 sqft
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
